When you convert a property from investment to your primary residence and it has been a part of a 031 exchange there are some additional requirements.1. 

@Wayne Emminizer, converting a property from investment to your primary residence  after x years is not prohibited after a 1031 exchange. 

My first thought would be to convert it into a coin operated laundry room for all tenants to use.

It is also possible that the run down duplex will make more money as a single family, and so it is de converted.

Looking for an excellent real estate/land use attorney in Minnesota who can help us quickly convert this property to a 4-plex.

It’s a 100 year old home that was converted to a tri-plex.

Hello to all you experienced investors, thank you in advance for your positive responses.If one had a SFH as a primary residence under mortgage still and decided to put it into a single-member LLC and rent it out whil...

Is it at all realistic to consider residential properties in this search (large mansion-type spaces, lots of land buffering between neighboring properties), with the hope of converting them to a commercial property that would allow such business to operate?

But I think if we were to move out and rent elsewhere, then rent this place out, our 25% portion of interest in the property would then be considered rental and if we were to go to sell later and attempt to tax-defer the gain (though it would be minimal), it would still have to be considered a 1031 rollover.How long do you have to rent out a 1031-exchanged property before you can convert it to a primary residence?

I have a very close friend who has been forced by the city to convert 5 places back to SFR from the city of Everett.